₦airaland Forum

Mcy56:
Okay. Just not a year round trader like some of us......but year-round trader don't make what he makes when he enters market. If I have half his of his mattress fund, I would just relax and be a long term investor ni.

You don't have to trade all year round to be a successful trader.
If you understand your market, you just play with the momentum....

Mcy56:
Chai!! Loco don vex ooo. Agba you need to appease the gods.
Well, in my opinion, Agba is not a trader but partially an investor - hit and run kind of. Think @valueinvestor called such a momentum investor, don't ask me the meaning. He sights a 'bottom', key into it, make his dough and jaaaa.
Loco, Agba is a good TA guy but plays a lot.
Everyone is useful here please. Let's tolerate each other.

Agba na confirm trader

Agbalowomeri:
Chai see stone

Loco is really out for you today.
This one that he is putting you and peter together, weting you do d guy nauw?

Agbalowomeri:
Oracle I think you win
Q3 will now add to scatter the charts

We wait for the double bottom/pull-back on the weekly before I go enter

What happens to November

fxuser:
Access
- price breakout above 8 month range
- further upside incoming

Good one.

TA speaking, what are the other stocks on the verge of break out

fxuser:
many thanks. in great health

Welcome back fxuser...
Hope you are back for real

Harvestock01:
Key points are farming experience and presence. A 30 year old can have both! #NotTooYoungToBeASuccessfulFarmer

This rogue is just splashing mud on our collective image/reputation and deliberately making life more difficult for those with genuine intention.

Agric business in Nigeria is a tough one, to be successful in that space will take time.......

Mcy56:
You have time to reply him self.
He's the same guy, valentinenwoko that's been asking same question on UACN and few others since time immemorial, now he still said he missed the same UACN at 4.50 and DS is expensive at 8.
Let him keep waiting at 2naira self, na him get his waiting.

Uacn is coming back to N4, zenith N12, Gtb N19 or no be so somebody talk am

locodemy:
Following the recapitalization in the insurance sector,I don't think it's a bad idea to add 8 billion units to their outstanding shares.Some of the insurance stocks are like 20 billion Os and more.

Although I don't have the stock,I see the price reaching 1.20 very soon.For me,I like to sight the money and follow it,once I get the money,I quickly jaaaa......WETIN CONCERN YOU FOR LARGE OS SELF WHEN YOU CAN MAKE UR DOW?

They are likely to bid the price up for the new money they want to raise.....so money could be made here ...
Large OS and dilution no good sha,but if one can do hit and run.....

Mpeace:
The scam called Aiico
They want to add 16billion more units.

If you entered this stock...
https://nairametrics.com/2019/09/12/aiico-insurance-to-increase-share-capital-by-80/

This is one of the reasons for my reservation about aiico.
I don't like a company that is asking for my money in any disguise...

RabbiDoracle:
I don't gamble o.

Once I see that it is not what intelligence can decode the direction, omo I don take off. The volatility is second to none.

Sometimes when I place a position and in seconds it starts going in the opposite direction, I even started to think if the system administrators are monitoring me to wipe the gain I made

It is a bad gamble.

Once you enter into the right trend, you continue to hammer. But you must be awake and aware because at 3pm(1pm in Nigeria) those crazy yanks will turn the thing around.

You can try volatility index now
That one crazy past forex o........

eziokwunwoko:
IS THERE A POSSIBILITY THAT UACN WILL DO A RIGHT ISSUE TO SUPPORT UPDC RIGHT ISSUE.IF THEN OS WILL INCREASE.
I MISSED THE OPPORUNITY TO BUY @ 4.5. I AM CONFUSED.
PLS WILL DANGOTE SUGAR FALL TO N6.00 because N8.O0 PLUS IS EXPENSIVE
CAVERTON ; what is the ideal price to buy, can they pay 40k dividend

Catching market bottom is always very difficult......
Dangote sugar at N6 ?, don't think that will happen now....

Those who are actually waiting for bottom are traders and as momentum traders, averaging up is their thing....

RabbiDoracle:
My dear, that thing is a terrible gamble o.

First time, I staked 1K and in 3 days I made 180%. Lost part of it. I lost after I had posted on NL.

Later I withdrew my balance.

I later entered again with $500 and in 2 days, I made $3,200. Actually on the second day I grew my fund from 806 to 3,200. First day was 500 to 806. I lost a huge part of it on the third day.

I quickly withdrew the remainder. Make dem no kill me.

Una safe journey o.

That field no be where you sabi book o. Na pure gamble o. You are dealing with human emotions and sometimes the system freezes when those crazy Yankee enter at 3pm with their very fast trading which zaps up and down.

Mo gbe jaaaaa sharp sharp. I can't come and kee myself.

It was a good experience.
I can't count the number of time I have run and later go back again in that crazy game...

You will still go back

RabbiDoracle:
The smart ones entered alot in August.

Market never even start to move sef.

You don hear am for CNN? BLOOMBERG?

Europe is now in deep shit (brink of recession) so expect more money to flow into EMs.

@ Oracle, how are you doing with fx.?

Agbalowomeri:
Zenith with a triangular consolidation pattern on the weekly
Breakout or breakdown?
Next week

TA sha , so what should we do now

onegentleguy:
No my dear !!

But u are a person of wisdom associating along that direction.
Real money will be made by those who can exercise a bit of patience until the time of reckoning.

How I just wish that aiico will be more efficient in assets utilisation and show more consistency

@ OGG,

Do you have any information about aiico proposed capital raising exercise that was approved last year?

Agbalowomeri:
November still far

Yes now, I will also buy in November....

onegentleguy:
At their current market prices; UBA is good, ACCESS is better, but ZENITH still remains the BEST for us !!

In the tier 2 space, both FCMB and FIDELITY are great.

Salah.

I concur

Agbalowomeri:
Mention them; if u come mention after buying it's monkey hunting

When you mention the ones you want to buy I will mention the other one.. .

onegentleguy:
For those wondering why ACCESS BANK is currently a better bet than UBA, this post right here(from @ Godlylifeoneart) can well be a clue to the reason.
...there are also a few other reasons though.
One of which, I had highlighted earlier with the thing about ACCRUALS RATIO.(refer to the post above)

At least 9 very pivotal indicators from its H1 financial print are all pointing to the fact that ACCESS will go places.(ROI adjusting for risk)

Like I said before, BEST to KEY into ACCESS now !!
A word, they say...

I am really impressed by access bank. H1 result showed those guys have been able to manage the combined entity well.
NPL is well under control, CAR is robust and customers deposit is super good.
Going forward access is positioned to be a front runner but beating zenith and GTB in quoted price will be tough if not impossible...

Godlylifeoneart:
THE NEXT SUPERNORMAL STOCK MIGHT HAVE BEEN SPOTTED. THE JOURNEY TO SUPERNORMAL GROWTH HAS STARTED WITH ACCESS BANK.
https://businessday.ng/markets/article/access-bank-positioned-for-leadership-as-banks-rake-in-n339bn-profits-in-h119/

I don't think the next supernormal growth stock will come from banking sector.
Bank stocks move generally together.

I am tipping lafarge wapco and one or two insurance stocks that I don't want to mention now for exponential growth in price.

Valueinvestor:
The stock na real juju stock o,imagine some years back i was doing shakara with this stock at 2.97, when our oga even sold a property to buy at #3 +, the rest na story,this stock actually got to #9 +,abi na 11 sef in recent times,infact i just dont want to do the math.
When you ever think that this same stock has gotten to around #70 in the past(when nse was still nse) ,the laws of attraction cant but set in ,in ones mind.

Indeed old wine tastes better.

Caveat : Not a buy recommendation(not my style anyway),just playing around my watchlist

It was not only FBN that had that run in price at that period of time.
Some stocks with worse fundamental even did better in term of price appreciation.

For now , FBN is still lagging behind.
Among the first tier banks, they have the worse fundamental. And why would anyone buy now when we have better options if not because of the name and sentiment. This however does not mean FBN cannot return a higher percentage in term of capital appreciation.

Bottom line, we must all be able to define what we are to buy...we could be fundamentally, technically, sentimentally, spiritually driven...

veecovee:
House pls help me look into FO ... again.

Do I take loss from here or wait a little ...

cc CP, OGG, etc

What was your plan before you bought.
I am out with 6% profit.
Waiting and watching closely again.....

arduino:
LOL.... I remember when I followed the advice of one oga here enter crypto, to sleep became a big battle between man and nature.
At the end of the 6months period , my crypto account only experienced rapture.

I feel you Bro....
You need to discover yourself and what works for you.
Forex and crypto are not easy but there is money to be made there...
With crypto, I can sleep very well now having discovered what works best for me...
I am still working on the best way to play forex...

onegentleguy:
A CHOICE BETWEEN UPDC and UACN... part 2

In my view, the move to unbundle or possibly divest from some of its loss-making and not-so-profitable business segments is coming a bit late. ...though better late than never.

Just a few weeks ago, the group(UACN) gave up its majority stake position(51% before then) in their logistic business arm(MDS logistic) to the core investor(imperial logistics). ...taking their total stake to 57% and reducing that of UACN to 43%(an 8% swap).
That arm has witnessed a difficult path to cost optimization(higher CoS) and dwindling revenue, despite the groups effort at curbing down OPEX. Worse still, is that vol has been on the downward trend for some quarters now.
I think it will be best for UACN to consider given up more stake in that arm(logistic) of business to aid leverage.
I also think the quick service restaurant arm of business should be divested from in totality. ...think UACN holds more than a 50% stake therein.

However, the move to give up of its entire stake in UPDC(64.2% as at H1, 2019) is the most STRATEGIC move to growth if u ask me.
The increased revenue witnessed in Q2, 2019 by UPDC is not sustainable. ...especially when u consider the fact that any drive in sales has always been bitten down by high interest payments.

Good a thing, the group(UACN) is gradually recovering its mkt share in the Agric feeds business segment(H1, 2019 in view). ...while the packaged foods(UAC foods) and paint business segments are doing great.

At the current mkt price, I have no doubt in my mind that UACN holds in it, a lot of prospect. ...a lot of inherent VALUE !!

You are good at putting your thought into writing.... I envy you sir.
I am in agreement with your analysis here..

Valueinvestor:
Most brokers wants to make you feel investing is difficult,so that you can pay them for the job
Online investing is an option sir

But if i may know why your choice of UAC PROP, (probably there is something we are missing out)cos i see a lot of steady earners wih low prices in the market .

You still have to go through a broker with online investing....
I placed the trade myself through my broker platform..what I noticed is that my mandate is not showing on the outstanding order page for all my mandate today...

I have a long time view of the stock market and I try to buy good stocks that are selling at a discount to fair value. How ever I have another account with which I play kalokalo on NSE most especially when we have a boring market...

UAC--PROP is basically a gambling thing for me....

OBAGADAFFI:
UAC-PROP is on full-bid.

Stocks on full-bid are difficult to get.

And it closed at 0.82k, its 52 week low......

currentprice:
where u wan see stock on full bid buy b4? i know u are seriously looking forward to jump in and u might not sleep well if nobody reply u 4 2nd opinion

I am still trying to get clarification from my broker.
Placed a bid at 0.85k for UAC--PROP today but nothing in my account..

currentprice:
thatz the stock Thank u bro

but dont worry about CP do ur own the way u know how to do it let me catch my own fun d way i like it. i will still do d same tomorrow

can remember the day i post for fee or post with intention to manage pple acct

I have a look at DS q2 yesterday and was not impressed.
With a significant drop in bottom line q on q, ......

ZikkyChops:
I can't solve the puzzle.

Caverton

rebekah2011:
It is actually UPDC shareholders that will key into UPDC Reits. UACN is planning to exit UPDC totally. They must have found a saviour to bail them out of their misery.

I want to play kalokalo here, which one do you think will bring quick gains of between 10 to 20 %